Singapore: Industrial Roundwood Market 2025

Industrial Roundwood Market Size in Singapore

In 2022, the Singaporean industrial roundwood market decreased by -2.4% to $X, falling for the third year in a row after two years of growth. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Industrial Roundwood Production in Singapore

In value terms, industrial roundwood production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 47% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Industrial Roundwood Exports

Exports from Singapore

In 2022, overseas shipments of industrial roundwood decreased by -81.6% to X cubic meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 310%. Over the period under review, the exports hit record highs at X cubic meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, industrial roundwood exports contracted rapidly to $X in 2022. In general, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,763%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X cubic meters) was the main destination for industrial roundwood exports from Singapore, accounting for a 60% share of total exports. Moreover, industrial roundwood exports to Malaysia exceeded the volume sent to the second major destination, China (X cubic meters), threefold. Taiwan (Chinese) (X cubic meters) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia totaled +54.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+14.2% per year) and Taiwan (Chinese) (-22.2% per year).

In value terms, China ($X), Malaysia ($X) and Taiwan (Chinese) ($X) were the largest markets for industrial roundwood exported from Singapore worldwide, with a combined 93% share of total exports. Japan and Vietnam lagged somewhat behind, together accounting for a further 7%.

Among the main countries of destination, Vietnam, with a CAGR of +88.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial roundwood export price stood at $X per cubic meter in 2022, jumping by 41% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 482%. The export price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to Taiwan (Chinese) ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood Imports

Imports into Singapore

Industrial roundwood imports into Singapore contracted significantly to X cubic meters in 2022, which is down by -27.9% against the previous year. In general, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 270% against the previous year. Imports peaked at X cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial roundwood imports fell rapidly to $X in 2022. Overall, imports, however, showed a modest increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,573%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X cubic meters) constituted the largest industrial roundwood supplier to Singapore, accounting for a 42% share of total imports. Moreover, industrial roundwood imports from Indonesia exceeded the figures recorded by the second-largest supplier, Brazil (X cubic meters), twofold. India (X cubic meters) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia stood at +53.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-7.1% per year) and India (+70.9% per year).

In value terms, Indonesia ($X) constituted the largest supplier of industrial roundwood to Singapore, comprising 72% of total imports. The second position in the ranking was held by India ($X), with an 18% share of total imports. It was followed by Canada, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia totaled +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.7% per year) and Canada (+26.8% per year).

Import Prices by Country

In 2022, the average industrial roundwood import price amounted to $X per cubic meter, which is down by -16.3% against the previous year. In general, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 352%. As a result, import price reached the peak level of $X per cubic meter. From 2018 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per cubic meter), while the price for New Zealand ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+17.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :